29. Jul 2026
Huntsman raises India MDI and PU systems prices by $300/tonne
Huntsman has announced a $300/tonne increase in the price of its MDI products and polyurethane systems in India and the wider Indian subcontinent.
The increase took effect immediately on July 27, or as existing contracts allow. Huntsman did not provide further details about the affected product grades or the reasons for the adjustment.
The move follows a separate increase covering Europe, Africa and the Middle East. Huntsman is raising prices for all MDI products in those markets by €250/tonne from August 1, or as contracts permit.
The company attributed the European, African and Middle Eastern increase to continuing geopolitical tensions in the Middle East, higher raw-material costs and rising energy expenses. It said the adjustment was additional to previously announced price increases.
MDI producers have made a series of price-increase announcements during 2026 as energy, feedstock and logistics costs have fluctuated and production interruptions have tightened availability in some regional markets.
In May, Huntsman announced an increase of $0.24/lb (€0.47/kg) for MDI products in North and South America. Other major producers, including BASF and Covestro, also announced North American MDI increases during the same period.
The latest adjustments come as Huntsman prepares for its proposed merger with Olin. The two US chemical companies announced an all-stock merger of equals in June, creating a combined business with approximately $12.5 billion in 2025 revenue.
The merged company will be named OlinHuntsman and headquartered in The Woodlands, Texas. It will combine Olin’s upstream manufacturing and feedstock operations, including its chlorine and caustic soda businesses, with Huntsman’s polyurethane systems, formulation technologies and advanced materials portfolio.
The companies expect the combination to produce more than $400 million in cost synergies and integration benefits.
Olin shareholders are expected to own approximately 54.5% of the combined company, with Huntsman shareholders holding the remaining 45.5%.
Shareholders in both companies are due to vote on the transaction at separate meetings on August 25. Subject to shareholder and regulatory approvals, the merger is expected to close during the first half of 2027.